3M, Avery nix office products deal

3:32 PM MDT | October 3, 2012 | Vincent Valk

3M and Avery Dennison have terminated their agreement for 3M to purchase Avery’s office and consumer products business. The $550-million deal came under scrutiny from the U.S. Department of Justice (DOJ; Washington) last month, with the companies saying they would attempt to renegotiate the deal in an attempt to resolve DOJ’s antitrust concerns. Avery Dennison says it will continue to pursue a sale of the...